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          <cik>0000916620</cik>
          <ccc>XXXXXXXX</ccc>
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        <classId>C000003416</classId>
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      <regFileNumber>811-08236</regFileNumber>
      <regCik>0000916620</regCik>
      <regLei>5493004ZY1PEJR3C0A81</regLei>
      <regStreet1>50 South LaSalle Street</regStreet1>
      <regCity>Chicago</regCity>
      <regStateConditional regCountry="US" regState="US-IL"/>
      <regZipOrPostalCode>60603</regZipOrPostalCode>
      <regPhone>800-595-9111</regPhone>
      <seriesName>Northern International Equity Fund</seriesName>
      <seriesId>S000001270</seriesId>
      <seriesLei>549300ZJSZC1AK14VP73</seriesLei>
      <repPdEnd>2020-03-31</repPdEnd>
      <repPdDate>2019-12-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>AGL Energy Limited</name>
        <lei>549300QAZ8A74DEDXO80</lei>
        <title>AGL Energy Limited NPV</title>
        <cusip>Q01630195</cusip>
        <identifiers>
          <isin value="AU000000AGL7"/>
          <ticker value="AGL"/>
        </identifiers>
        <balance>20714</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4250089"/>
        <valUSD>298995.68</valUSD>
        <pctVal>0.1662105691</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CK Hutchison Holdings Limited</name>
        <lei>254900Z8HM1VEPOQ2G79</lei>
        <title>CK Hutchison Holdings Limited HKD1</title>
        <cusip>G21765105</cusip>
        <identifiers>
          <isin value="KYG217651051"/>
          <ticker value="1"/>
        </identifiers>
        <balance>50519</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7923"/>
        <valUSD>482726.45</valUSD>
        <pctVal>0.2683458101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Essity Aktiebolag (publ)</name>
        <lei>549300G8E6YUVJ1DA153</lei>
        <title>Essity Aktiebolag (publ) SER'B'NPV</title>
        <cusip>W3R06F100</cusip>
        <identifiers>
          <isin value="SE0009922164"/>
          <ticker value="ESSITY B"/>
        </identifiers>
        <balance>5362</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.36635"/>
        <valUSD>172860.68</valUSD>
        <pctVal>0.0960925991</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Cgi Inc</name>
        <lei>549300WSRCZY73ZG3090</lei>
        <title>Cgi Inc CL A SUB VTG</title>
        <cusip>12532H104</cusip>
        <identifiers>
          <isin value="CA12532H1047"/>
          <ticker value="GIB.A"/>
        </identifiers>
        <balance>9734</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855"/>
        <valUSD>814596.11</valUSD>
        <pctVal>0.4528309005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Akzo Nobel N.V.</name>
        <lei>724500XYIJUGXAA5QD70</lei>
        <title>Akzo Nobel N.V. EUR0.50(POST REV SPLIT)</title>
        <cusip>N01803308</cusip>
        <identifiers>
          <isin value="NL0013267909"/>
          <ticker value="AKZA"/>
        </identifiers>
        <balance>5528</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>563625.03</valUSD>
        <pctVal>0.3133170252</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BT Group PLC</name>
        <lei>213800LRO7NS5CYQMN21</lei>
        <title>BT Group PLC ORD GBP0.05</title>
        <cusip>G16612106</cusip>
        <identifiers>
          <isin value="GB0030913577"/>
          <ticker value="BT.A"/>
        </identifiers>
        <balance>180444</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>462444.18</valUSD>
        <pctVal>0.2570709728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Intesa Sanpaolo S.p.A.</name>
        <lei>2W8N8UU78PMDQKZENC08</lei>
        <title>Intesa Sanpaolo S.p.A. NPV</title>
        <cusip>T55067101</cusip>
        <identifiers>
          <isin value="IT0000072618"/>
          <ticker value="ISP"/>
        </identifiers>
        <balance>198641</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>523644.09</valUSD>
        <pctVal>0.2910917716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mediobanca - Banca di Credito Finanziario SpA</name>
        <lei>PSNL19R2RXX5U3QWHI44</lei>
        <title>Mediobanca - Banca di Credito Finanziario SpA EUR0.5</title>
        <cusip>T10584117</cusip>
        <identifiers>
          <isin value="IT0000062957"/>
          <ticker value="MB"/>
        </identifiers>
        <balance>46152</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>508362.38</valUSD>
        <pctVal>0.2825967268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>OMV AG</name>
        <lei>549300V62YJ9HTLRI486</lei>
        <title>OMV AG NPV</title>
        <cusip>A51460110</cusip>
        <identifiers>
          <isin value="AT0000743059"/>
          <ticker value="OMV"/>
        </identifiers>
        <balance>12158</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>683003.91</valUSD>
        <pctVal>0.3796792936</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dassault Aviation</name>
        <lei>969500CVFTUT88V8QN95</lei>
        <title>Dassault Aviation EUR8</title>
        <cusip>F24539102</cusip>
        <identifiers>
          <isin value="FR0000121725"/>
          <ticker value="AM"/>
        </identifiers>
        <balance>1097</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>1444876.61</valUSD>
        <pctVal>0.8032014497</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Capgemini</name>
        <lei>96950077L0TN7BAROX36</lei>
        <title>Capgemini EUR8</title>
        <cusip>F4973Q101</cusip>
        <identifiers>
          <isin value="FR0000125338"/>
          <ticker value="CAP"/>
        </identifiers>
        <balance>12381</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>1516639.89</valUSD>
        <pctVal>0.8430943859</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Compagnie Generale des Etablissements Michelin</name>
        <lei>549300SOSI58J6VIW052</lei>
        <title>Compagnie Generale des Etablissements Michelin EUR2</title>
        <cusip>F61824144</cusip>
        <identifiers>
          <isin value="FR0000121261"/>
          <ticker value="ML"/>
        </identifiers>
        <balance>12696</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>1557343.25</valUSD>
        <pctVal>0.8657212300</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Schneider Electric SE</name>
        <lei>969500A1YF1XUYYXS284</lei>
        <title>Schneider Electric SE EUR4.00</title>
        <cusip>F86921107</cusip>
        <identifiers>
          <isin value="FR0000121972"/>
          <ticker value="SU"/>
        </identifiers>
        <balance>6087</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>626158.3</valUSD>
        <pctVal>0.3480790337</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Merck Kgaa</name>
        <lei>529900OAREIS0MOPTW25</lei>
        <title>Merck Kgaa NPV</title>
        <cusip>D5357W103</cusip>
        <identifiers>
          <isin value="DE0006599905"/>
          <ticker value="MRK"/>
        </identifiers>
        <balance>13964</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>1652451.49</valUSD>
        <pctVal>0.9185915414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SAP SE</name>
        <lei>529900D6BF99LW9R2E68</lei>
        <title>SAP SE ORD NPV</title>
        <cusip>D66992104</cusip>
        <identifiers>
          <isin value="DE0007164600"/>
          <ticker value="SAP"/>
        </identifiers>
        <balance>17378</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>2342029.97</valUSD>
        <pctVal>1.3019256136</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LVMH Moet Hennessy Vuitton SE</name>
        <lei>IOG4E947OATN0KJYSD45</lei>
        <title>LVMH Moet Hennessy Vuitton SE EUR0.30</title>
        <cusip>F58485115</cusip>
        <identifiers>
          <isin value="FR0000121014"/>
          <ticker value="MC"/>
        </identifiers>
        <balance>4571</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>2128857.01</valUSD>
        <pctVal>1.1834235704</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EDP-Energias de Portugal SA</name>
        <lei>529900CLC3WDMGI9VH80</lei>
        <title>EDP-Energias de Portugal SA EUR1(REGD)</title>
        <cusip>X67925119</cusip>
        <identifiers>
          <isin value="PTEDP0AM0009"/>
          <ticker value="EDP"/>
        </identifiers>
        <balance>74138</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>321395.54</valUSD>
        <pctVal>0.1786625667</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ingenico Group</name>
        <lei>969500C1KK5OLNWK1S69</lei>
        <title>Ingenico Group EUR1</title>
        <cusip>F5276G104</cusip>
        <identifiers>
          <isin value="FR0000125346"/>
          <ticker value="ING"/>
        </identifiers>
        <balance>8859</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>963119.57</valUSD>
        <pctVal>0.5353945309</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RWE AG</name>
        <lei>529900GB7KCA94ACC940</lei>
        <title>RWE AG NPV</title>
        <cusip>D6629K109</cusip>
        <identifiers>
          <isin value="DE0007037129"/>
          <ticker value="RWE"/>
        </identifiers>
        <balance>12126</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>372562.5</valUSD>
        <pctVal>0.2071060864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Carlsberg A/S</name>
        <lei>5299001O0WJQYB5GYZ19</lei>
        <title>Carlsberg A/S SER'B'DKK20</title>
        <cusip>K36628137</cusip>
        <identifiers>
          <isin value="DK0010181759"/>
          <ticker value="CARL B"/>
        </identifiers>
        <balance>10555</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.66185"/>
        <valUSD>1574551.01</valUSD>
        <pctVal>0.8752869588</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DNB ASA</name>
        <lei>5967007LIEEXZX78M803</lei>
        <title>DNB ASA NOK10</title>
        <cusip>R1640U124</cusip>
        <identifiers>
          <isin value="NO0010031479"/>
          <ticker value="DNB"/>
        </identifiers>
        <balance>55705</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="8.7793"/>
        <valUSD>1043910.01</valUSD>
        <pctVal>0.5803056313</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Skandinaviska Enskilda Banken AB (publ)</name>
        <lei>F3JS33DEI6XQ4ZBPTN86</lei>
        <title>Skandinaviska Enskilda Banken AB (publ) SER'A'NPV</title>
        <cusip>W25381141</cusip>
        <identifiers>
          <isin value="SE0000148884"/>
          <ticker value="SEB A"/>
        </identifiers>
        <balance>146740</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.36635"/>
        <valUSD>1380396.79</valUSD>
        <pctVal>0.7673573613</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ABN AMRO Bank N.V.</name>
        <lei>BFXS5XCH7N0Y05NIXW11</lei>
        <title>ABN AMRO Bank N.V. DR EACH REP SHS</title>
        <cusip>N0162C102</cusip>
        <identifiers>
          <isin value="NL0011540547"/>
          <ticker value="ABN"/>
        </identifiers>
        <balance>46630</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>851703.11</valUSD>
        <pctVal>0.4734585416</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Uniper Se</name>
        <lei>549300UXRTWGIBZQ4J67</lei>
        <title>Uniper Se NPV</title>
        <cusip>D8530Z100</cusip>
        <identifiers>
          <isin value="DE000UNSE018"/>
          <ticker value="UN01"/>
        </identifiers>
        <balance>8068</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>267033.27</valUSD>
        <pctVal>0.1484427861</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Siemens Healthineers Ag</name>
        <lei>529900QBVWXMWANH7H45</lei>
        <title>Siemens Healthineers Ag NPV</title>
        <cusip>D6T479107</cusip>
        <identifiers>
          <isin value="DE000SHL1006"/>
          <ticker value="SHL"/>
        </identifiers>
        <balance>10454</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>501992.11</valUSD>
        <pctVal>0.2790555177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Thomson Reuters Corp.</name>
        <lei>549300561UZND4C7B569</lei>
        <title>Thomson Reuters Corp. COM NEW</title>
        <cusip>884903709</cusip>
        <identifiers>
          <isin value="CA8849037095"/>
          <ticker value="TRI"/>
        </identifiers>
        <balance>1984</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855"/>
        <valUSD>141922.73</valUSD>
        <pctVal>0.0788943095</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fortum Oyj</name>
        <lei>635400IUIZZIUJSAMF76</lei>
        <title>Fortum Oyj EUR3.40</title>
        <cusip>X2978Z118</cusip>
        <identifiers>
          <isin value="FI0009007132"/>
          <ticker value="FORTUM"/>
        </identifiers>
        <balance>1523</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>37571.77</valUSD>
        <pctVal>0.0208860050</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sanofi</name>
        <lei>549300E9PC51EN656011</lei>
        <title>Sanofi EUR2</title>
        <cusip>F5548N101</cusip>
        <identifiers>
          <isin value="FR0000120578"/>
          <ticker value="SAN"/>
        </identifiers>
        <balance>18106</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>1818515.8</valUSD>
        <pctVal>1.0109060640</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Siemens AG</name>
        <lei>W38RGI023J3WT1HWRP32</lei>
        <title>Siemens AG NPV(REGD)</title>
        <cusip>D69671218</cusip>
        <identifiers>
          <isin value="DE0007236101"/>
          <ticker value="SIE"/>
        </identifiers>
        <balance>3301</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>431506.46</valUSD>
        <pctVal>0.2398728112</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Leonardo Spa</name>
        <lei>529900X4EEX1U9LN3U39</lei>
        <title>Leonardo Spa EUR4.40</title>
        <cusip>T6S996112</cusip>
        <identifiers>
          <isin value="IT0003856405"/>
          <ticker value="LDO"/>
        </identifiers>
        <balance>8820</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>103363.03</valUSD>
        <pctVal>0.0574591179</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Northern Inst Fds</name>
        <lei>549300Y178DO5JBR1S04</lei>
        <title>Northern Inst Fds GOVT PTFL</title>
        <cusip>665278404</cusip>
        <identifiers>
          <isin value="US6652784041"/>
          <ticker value="BNGXX"/>
        </identifiers>
        <balance>72283.5</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>72283.5</valUSD>
        <pctVal>0.0401821246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ageas SA/NV</name>
        <lei>5493005DJBML6LY3RV36</lei>
        <title>Ageas SA/NV NPV</title>
        <cusip>B0148L138</cusip>
        <identifiers>
          <isin value="BE0974264930"/>
          <ticker value="AGS"/>
        </identifiers>
        <balance>9383</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>555089.43</valUSD>
        <pctVal>0.3085721174</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Harvey Norman Hldg</name>
        <lei>529900ONRWOF42PYKU59</lei>
        <title>Harvey Norman Hldg NPV</title>
        <cusip>Q4525E117</cusip>
        <identifiers>
          <isin value="AU000000HVN7"/>
          <ticker value="HVN"/>
        </identifiers>
        <balance>187131</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4250089"/>
        <valUSD>535473.33</valUSD>
        <pctVal>0.2976676015</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nomura Real Estate Holdings Inc</name>
        <lei>N/A</lei>
        <title>Nomura Real Estate Holdings Inc NPV</title>
        <cusip>J5893B104</cusip>
        <identifiers>
          <isin value="JP3762900003"/>
          <ticker value="3231"/>
        </identifiers>
        <balance>5800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>139572.44</valUSD>
        <pctVal>0.0775877922</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Central Japan Railway Company</name>
        <lei>353800YAR3OVUITHTG64</lei>
        <title>Central Japan Railway Company NPV</title>
        <cusip>J05523105</cusip>
        <identifiers>
          <isin value="JP3566800003"/>
          <ticker value="9022"/>
        </identifiers>
        <balance>8439</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>1695838.16</valUSD>
        <pctVal>0.9427100273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Subaru Corporation</name>
        <lei>549300N244BVAEE6HH86</lei>
        <title>Subaru Corporation NPV</title>
        <cusip>J7676H100</cusip>
        <identifiers>
          <isin value="JP3814800003"/>
          <ticker value="7270"/>
        </identifiers>
        <balance>25000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>618136.32</valUSD>
        <pctVal>0.3436196454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hitachi Ltd</name>
        <lei>549300T6IPOCDWLKC615</lei>
        <title>Hitachi Ltd NPV</title>
        <cusip>J20454112</cusip>
        <identifiers>
          <isin value="JP3788600009"/>
          <ticker value="6501"/>
        </identifiers>
        <balance>36600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>1541666.61</valUSD>
        <pctVal>0.8570066450</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hongkong &amp; China Gas Co. Ltd.</name>
        <lei>254900P7BETXGC7YU827</lei>
        <title>Hongkong &amp; China Gas Co. Ltd. NPV</title>
        <cusip>Y33370100</cusip>
        <identifiers>
          <isin value="HK0003000038"/>
          <ticker value="3"/>
        </identifiers>
        <balance>10782</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7923"/>
        <valUSD>21066.69</valUSD>
        <pctVal>0.0117108934</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hoya Corp</name>
        <lei>353800X4VR3BHEUCJB42</lei>
        <title>Hoya Corp NPV</title>
        <cusip>J22848105</cusip>
        <identifiers>
          <isin value="JP3837800006"/>
          <ticker value="7741"/>
        </identifiers>
        <balance>3700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>353276.51</valUSD>
        <pctVal>0.1963850775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Itochu Corp</name>
        <lei>J48DJYXDTLHM30UMYI18</lei>
        <title>Itochu Corp NPV</title>
        <cusip>J2501P104</cusip>
        <identifiers>
          <isin value="JP3143600009"/>
          <ticker value="8001"/>
        </identifiers>
        <balance>81927</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>1897297.08</valUSD>
        <pctVal>1.0547002800</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kajima Corporation</name>
        <lei>N/A</lei>
        <title>Kajima Corporation NPV</title>
        <cusip>J29223120</cusip>
        <identifiers>
          <isin value="JP3210200006"/>
          <ticker value="1812"/>
        </identifiers>
        <balance>5700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>76175.29</valUSD>
        <pctVal>0.0423455560</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sekisui Prefab Homes Ltd</name>
        <lei>529900GMNDOYQSAJAE76</lei>
        <title>Sekisui Prefab Homes Ltd NPV</title>
        <cusip>J70746136</cusip>
        <identifiers>
          <isin value="JP3420600003"/>
          <ticker value="1928"/>
        </identifiers>
        <balance>7900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>168713.15</valUSD>
        <pctVal>0.0937870028</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Astellas Pharma Inc.</name>
        <lei>529900IB708DY2HBBB35</lei>
        <title>Astellas Pharma Inc. NPV</title>
        <cusip>J03393105</cusip>
        <identifiers>
          <isin value="JP3942400007"/>
          <ticker value="4503"/>
        </identifiers>
        <balance>106600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>1820931.52</valUSD>
        <pctVal>1.0122489536</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EXOR S.p.A.</name>
        <lei>5493002ENHZ6NYET7405</lei>
        <title>EXOR S.p.A. EUR0.01</title>
        <cusip>N3140A107</cusip>
        <identifiers>
          <isin value="NL0012059018"/>
          <ticker value="EXO"/>
        </identifiers>
        <balance>5033</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>390321.43</valUSD>
        <pctVal>0.2169782085</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Adecco Group AG</name>
        <lei>NI14Y5UMU60O7JE9P611</lei>
        <title>Adecco Group AG CHF0.1 (REGD)</title>
        <cusip>H00392318</cusip>
        <identifiers>
          <isin value="CH0012138605"/>
          <ticker value="ADEN"/>
        </identifiers>
        <balance>19040</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".9678"/>
        <valUSD>1203711.07</valUSD>
        <pctVal>0.6691384369</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Roche Holdings AG</name>
        <lei>549300U41AUUVOAAOB37</lei>
        <title>Roche Holdings AG GENUSSCHEINE NPV</title>
        <cusip>H69293217</cusip>
        <identifiers>
          <isin value="CH0012032048"/>
          <ticker value="ROG"/>
        </identifiers>
        <balance>13237</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".9678"/>
        <valUSD>4292203.77</valUSD>
        <pctVal>2.3860198625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EP</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Peugeot Citroen Sa</name>
        <lei>969500TZ5950IT5FPQ42</lei>
        <title>Peugeot Citroen Sa EUR1</title>
        <cusip>F72313111</cusip>
        <identifiers>
          <isin value="FR0000121501"/>
          <ticker value="UG"/>
        </identifiers>
        <balance>17571</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>420813.82</valUSD>
        <pctVal>0.2339288130</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bausch Health Companies Inc</name>
        <lei>B3BS7ACMDUWISF18KY76</lei>
        <title>Bausch Health Companies Inc COM</title>
        <cusip>071734107</cusip>
        <identifiers>
          <isin value="CA0717341071"/>
          <ticker value="BHC"/>
        </identifiers>
        <balance>2477</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855"/>
        <valUSD>74145</valUSD>
        <pctVal>0.0412169254</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TC Energy Corp</name>
        <lei>549300UGKOFV2IWJJG27</lei>
        <title>TC Energy Corp COM</title>
        <cusip>87807B107</cusip>
        <identifiers>
          <isin value="CA87807B1076"/>
          <ticker value="TRP"/>
        </identifiers>
        <balance>42302</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855"/>
        <valUSD>2252979.34</valUSD>
        <pctVal>1.2524227048</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Covestro AG</name>
        <lei>3912005AWHKLQ1CPLV11</lei>
        <title>Covestro AG NPV</title>
        <cusip>D15349109</cusip>
        <identifiers>
          <isin value="DE0006062144"/>
          <ticker value="1COV"/>
        </identifiers>
        <balance>30859</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>1434510.24</valUSD>
        <pctVal>0.7974388237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Standard Life Aberdeen Plc</name>
        <lei>0TMBS544NMO7GLCE7H90</lei>
        <title>Standard Life Aberdeen Plc ORD GBP0.1396825396</title>
        <cusip>G84246118</cusip>
        <identifiers>
          <isin value="GB00BF8Q6K64"/>
          <ticker value="SLA"/>
        </identifiers>
        <balance>32990</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>143747.46</valUSD>
        <pctVal>0.0799086700</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Legal &amp; General Group plc</name>
        <lei>213800JH9QQWHLO99821</lei>
        <title>Legal &amp; General Group plc ORD GBP0.025</title>
        <cusip>G54404127</cusip>
        <identifiers>
          <isin value="GB0005603997"/>
          <ticker value="LGEN"/>
        </identifiers>
        <balance>464882</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>1872902.59</valUSD>
        <pctVal>1.0411394751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Standard Chartered plc</name>
        <lei>U4LOSYZ7YG4W3S5F2G91</lei>
        <title>Standard Chartered plc ORD USD0.50</title>
        <cusip>G84228157</cusip>
        <identifiers>
          <isin value="GB0004082847"/>
          <ticker value="STAN"/>
        </identifiers>
        <balance>175788</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>1660251.46</valUSD>
        <pctVal>0.9229275152</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Smith &amp; Nephew</name>
        <lei>213800ZTMDN8S67S1H61</lei>
        <title>Smith &amp; Nephew ORD USD0.20</title>
        <cusip>G82343164</cusip>
        <identifiers>
          <isin value="GB0009223206"/>
          <ticker value="SN."/>
        </identifiers>
        <balance>29244</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>706434.66</valUSD>
        <pctVal>0.3927043590</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Glaxosmithkline plc</name>
        <lei>5493000HZTVUYLO1D793</lei>
        <title>Glaxosmithkline plc ORD GBP0.25</title>
        <cusip>G3910J112</cusip>
        <identifiers>
          <isin value="GB0009252882"/>
          <ticker value="GSK"/>
        </identifiers>
        <balance>118426</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>2786066.66</valUSD>
        <pctVal>1.5487639323</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ashtead Group</name>
        <lei>2138007UTBN8X9K1A235</lei>
        <title>Ashtead Group ORD GBP0.10</title>
        <cusip>G05320109</cusip>
        <identifiers>
          <isin value="GB0000536739"/>
          <ticker value="AHT"/>
        </identifiers>
        <balance>11241</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>359719.07</valUSD>
        <pctVal>0.1999664722</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Barratt Devs Plc</name>
        <lei>2138006R85VEOF5YNK29</lei>
        <title>Barratt Devs Plc ORD GBP0.10</title>
        <cusip>G08288105</cusip>
        <identifiers>
          <isin value="GB0000811801"/>
          <ticker value="BDEV"/>
        </identifiers>
        <balance>48876</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>484463.88</valUSD>
        <pctVal>0.2693116409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Berkeley Gp Hldgs</name>
        <lei>2138009OQSSLVVHQAL78</lei>
        <title>Berkeley Gp Hldgs ORD GBP0.05</title>
        <cusip>G1191G120</cusip>
        <identifiers>
          <isin value="GB00B02L3W35"/>
          <ticker value="BKG"/>
        </identifiers>
        <balance>18101</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>1173771.7</valUSD>
        <pctVal>0.6524952543</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Royal Dutch Shell plc</name>
        <lei>21380068P1DRHMJ8KU70</lei>
        <title>Royal Dutch Shell plc 'B'ORD EUR0.07</title>
        <cusip>G7690A118</cusip>
        <identifiers>
          <isin value="GB00B03MM408"/>
          <ticker value="RDSB"/>
        </identifiers>
        <balance>131770</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>3926427.65</valUSD>
        <pctVal>2.1826862991</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BAE Systems plc</name>
        <lei>8SVCSVKSGDWMW2QHOH83</lei>
        <title>BAE Systems plc ORD GBP0.025</title>
        <cusip>G06940103</cusip>
        <identifiers>
          <isin value="GB0002634946"/>
          <ticker value="BA."/>
        </identifiers>
        <balance>51021</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>382279.62</valUSD>
        <pctVal>0.2125077967</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Anglo American PLC</name>
        <lei>549300S9XF92D1X8ME43</lei>
        <title>Anglo American PLC USD0.54945</title>
        <cusip>G03764134</cusip>
        <identifiers>
          <isin value="GB00B1XZS820"/>
          <ticker value="AAL"/>
        </identifiers>
        <balance>66705</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>1925229.88</valUSD>
        <pctVal>1.0702280180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>3I Group plc</name>
        <lei>35GDVHRBMFE7NWATNM84</lei>
        <title>3I Group plc ORD GBP0.738636</title>
        <cusip>G88473148</cusip>
        <identifiers>
          <isin value="GB00B1YW4409"/>
          <ticker value="III"/>
        </identifiers>
        <balance>115555</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>1684227.73</valUSD>
        <pctVal>0.9362558332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Imperial Brands Plc</name>
        <lei>549300DFVPOB67JL3A42</lei>
        <title>Imperial Brands Plc GBP0.10</title>
        <cusip>G4720C107</cusip>
        <identifiers>
          <isin value="GB0004544929"/>
          <ticker value="IMB"/>
        </identifiers>
        <balance>41762</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>1034798.21</valUSD>
        <pctVal>0.5752404161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Meggitt</name>
        <lei>YMFO3TKB4UAWQTDZJJ31</lei>
        <title>Meggitt ORD GBP0.05</title>
        <cusip>G59640105</cusip>
        <identifiers>
          <isin value="GB0005758098"/>
          <ticker value="MGGT"/>
        </identifiers>
        <balance>163003</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>1420400.75</valUSD>
        <pctVal>0.7895954115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Pearson plc</name>
        <lei>2138004JBXWWJKIURC57</lei>
        <title>Pearson plc ORD GBP0.25</title>
        <cusip>G69651100</cusip>
        <identifiers>
          <isin value="GB0006776081"/>
          <ticker value="PSON"/>
        </identifiers>
        <balance>88294</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>746883.39</valUSD>
        <pctVal>0.4151896552</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Persimmon</name>
        <lei>213800XI72Y57UWN6F31</lei>
        <title>Persimmon ORD GBP0.10</title>
        <cusip>G70202109</cusip>
        <identifiers>
          <isin value="GB0006825383"/>
          <ticker value="PSN"/>
        </identifiers>
        <balance>18674</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>672714.24</valUSD>
        <pctVal>0.3739593049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Rio Tinto plc</name>
        <lei>213800YOEO5OQ72G2R82</lei>
        <title>Rio Tinto plc ORD GBP0.10</title>
        <cusip>G75754104</cusip>
        <identifiers>
          <isin value="GB0007188757"/>
          <ticker value="RIO"/>
        </identifiers>
        <balance>12976</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>770994.81</valUSD>
        <pctVal>0.4285931025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SSE Plc</name>
        <lei>549300KI75VYLLMSK856</lei>
        <title>SSE Plc GBP0.50</title>
        <cusip>G8842P102</cusip>
        <identifiers>
          <isin value="GB0007908733"/>
          <ticker value="SSE"/>
        </identifiers>
        <balance>10341</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>198132.88</valUSD>
        <pctVal>0.1101413196</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tesco plc</name>
        <lei>2138002P5RNKC5W2JZ46</lei>
        <title>Tesco plc ORD GBP0.05</title>
        <cusip>G87621101</cusip>
        <identifiers>
          <isin value="GB0008847096"/>
          <ticker value="TSCO"/>
        </identifiers>
        <balance>60917</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>206357.5</valUSD>
        <pctVal>0.1147133548</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nestle SA/Ag</name>
        <lei>KY37LUS27QQX7BB93L28</lei>
        <title>Nestle SA/Ag CHF0.10 (REGD)</title>
        <cusip>H57312649</cusip>
        <identifiers>
          <isin value="CH0038863350"/>
          <ticker value="NESN"/>
        </identifiers>
        <balance>37356</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".9678"/>
        <valUSD>4047019.93</valUSD>
        <pctVal>2.2497230920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mercury NZ Limited</name>
        <lei>254900XLT925U953KK55</lei>
        <title>Mercury NZ Limited NPV</title>
        <cusip>Q5971Q108</cusip>
        <identifiers>
          <isin value="NZMRPE0001S2"/>
          <ticker value="MCY"/>
        </identifiers>
        <balance>68477</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.4854426"/>
        <valUSD>232914.92</valUSD>
        <pctVal>0.1294765242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Novo Nordisk A/S</name>
        <lei>549300DAQ1CVT6CXN342</lei>
        <title>Novo Nordisk A/S SER'B'DKK0.2</title>
        <cusip>K72807132</cusip>
        <identifiers>
          <isin value="DK0060534915"/>
          <ticker value="NOVO B"/>
        </identifiers>
        <balance>2974</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.66185"/>
        <valUSD>172491.04</valUSD>
        <pctVal>0.0958871176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KONINKLIJKE AHOLD DELHAIZE NV</name>
        <lei>724500C9GNBV20UYRX36</lei>
        <title>KONINKLIJKE AHOLD DELHAIZE NV EUR0.01</title>
        <cusip>N0074E105</cusip>
        <identifiers>
          <isin value="NL0011794037"/>
          <ticker value="AD"/>
        </identifiers>
        <balance>45028</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>1128485.93</valUSD>
        <pctVal>0.6273210658</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aurizon Holdings Ltd</name>
        <lei>5299005PC1O6NOWL3H48</lei>
        <title>Aurizon Holdings Ltd NPV</title>
        <cusip>Q0695Q104</cusip>
        <identifiers>
          <isin value="AU000000AZJ1"/>
          <ticker value="AZJ"/>
        </identifiers>
        <balance>220424</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4250089"/>
        <valUSD>810901.34</valUSD>
        <pctVal>0.4507769918</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Suntory Beverage &amp; Food Ltd</name>
        <lei>549300FONLMVK7YYYH41</lei>
        <title>Suntory Beverage &amp; Food Ltd NPV</title>
        <cusip>J78186103</cusip>
        <identifiers>
          <isin value="JP3336560002"/>
          <ticker value="2587"/>
        </identifiers>
        <balance>24076</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>1006822.63</valUSD>
        <pctVal>0.5596888969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ck Infrastructure Holdings Limited</name>
        <lei>5299005U11RQ1C27MR12</lei>
        <title>Ck Infrastructure Holdings Limited HKD1</title>
        <cusip>G2178K100</cusip>
        <identifiers>
          <isin value="BMG2178K1009"/>
          <ticker value="1038"/>
        </identifiers>
        <balance>13453</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7923"/>
        <valUSD>95943.68</valUSD>
        <pctVal>0.0533347293</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NUTRIEN LTD</name>
        <lei>5493002QQ7GD21OWF963</lei>
        <title>NUTRIEN LTD COM</title>
        <cusip>67077M108</cusip>
        <identifiers>
          <isin value="CA67077M1086"/>
          <ticker value="NTR"/>
        </identifiers>
        <balance>7025</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855"/>
        <valUSD>336332.26</valUSD>
        <pctVal>0.1869658329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Atco Limited</name>
        <lei>5299005SPZ1QYL51JD25</lei>
        <title>Atco Limited CL 1 NON VTG</title>
        <cusip>046789400</cusip>
        <identifiers>
          <isin value="CA0467894006"/>
          <ticker value="ACO.X"/>
        </identifiers>
        <balance>5785</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855"/>
        <valUSD>221723.81</valUSD>
        <pctVal>0.1232554284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>National Bank of Canada</name>
        <lei>BSGEFEIOM18Y80CKCV46</lei>
        <title>National Bank of Canada COM</title>
        <cusip>633067103</cusip>
        <identifiers>
          <isin value="CA6330671034"/>
          <ticker value="NA"/>
        </identifiers>
        <balance>11773</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855"/>
        <valUSD>653496.47</valUSD>
        <pctVal>0.3632762192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canadian Natural Resources Limited</name>
        <lei>549300T15RIMIKZC5Q38</lei>
        <title>Canadian Natural Resources Limited COM</title>
        <cusip>136385101</cusip>
        <identifiers>
          <isin value="CA1363851017"/>
          <ticker value="CNQ"/>
        </identifiers>
        <balance>41484</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855"/>
        <valUSD>1341748.87</valUSD>
        <pctVal>0.7458731285</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Check Point Sftwre</name>
        <lei>2549003ZVBH73EPNS513</lei>
        <title>Check Point Sftwre ORD ILS0.01</title>
        <cusip>M22465104</cusip>
        <identifiers>
          <isin value="IL0010824113"/>
          <ticker value="CHKP"/>
        </identifiers>
        <balance>11618</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1289133.28</valUSD>
        <pctVal>0.7166243208</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fortis Inc</name>
        <lei>549300MQYQ9Y065XPR71</lei>
        <title>Fortis Inc COM</title>
        <cusip>349553107</cusip>
        <identifiers>
          <isin value="CA3495531079"/>
          <ticker value="FTS"/>
        </identifiers>
        <balance>365</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855"/>
        <valUSD>15144.74</valUSD>
        <pctVal>0.0084189038</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alimentation Couche-Tard Inc.</name>
        <lei>549300OSW32RVX8CCZ87</lei>
        <title>Alimentation Couche-Tard Inc. SUB VTG CL B</title>
        <cusip>01626P403</cusip>
        <identifiers>
          <isin value="CA01626P4033"/>
          <ticker value="ATD.B"/>
        </identifiers>
        <balance>37974</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855"/>
        <valUSD>1205119.97</valUSD>
        <pctVal>0.6699216391</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Canadian Pacific Railway Company</name>
        <lei>N/A</lei>
        <title>Canadian Pacific Railway Company COM</title>
        <cusip>13645T100</cusip>
        <identifiers>
          <isin value="CA13645T1003"/>
          <ticker value="CP"/>
        </identifiers>
        <balance>3203</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855"/>
        <valUSD>816517.72</valUSD>
        <pctVal>0.4538991163</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Methanex Corporation</name>
        <lei>549300TSJHRXT9QXRD13</lei>
        <title>Methanex Corporation COM</title>
        <cusip>59151K108</cusip>
        <identifiers>
          <isin value="CA59151K1084"/>
          <ticker value="MX"/>
        </identifiers>
        <balance>12792</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855"/>
        <valUSD>494027.03</valUSD>
        <pctVal>0.2746277599</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Teck Resources Limited</name>
        <lei>T8KI5SQ2JRWHL7XY0E11</lei>
        <title>Teck Resources Limited CL B</title>
        <cusip>878742204</cusip>
        <identifiers>
          <isin value="CA8787422044"/>
          <ticker value="TECK.B"/>
        </identifiers>
        <balance>26676</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855"/>
        <valUSD>462626.41</valUSD>
        <pctVal>0.2571722738</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ck Asset Holdings Ltd</name>
        <lei>5299006GJZSGP78B8S35</lei>
        <title>Ck Asset Holdings Ltd HKD1</title>
        <cusip>G2177B101</cusip>
        <identifiers>
          <isin value="KYG2177B1014"/>
          <ticker value="1113"/>
        </identifiers>
        <balance>240236</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7923"/>
        <valUSD>1741073.01</valUSD>
        <pctVal>0.9678559096</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Next plc</name>
        <lei>213800WQD8ECPZP9PH98</lei>
        <title>Next plc ORD GBP0.10</title>
        <cusip>G6500M106</cusip>
        <identifiers>
          <isin value="GB0032089863"/>
          <ticker value="NXT"/>
        </identifiers>
        <balance>1024</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>95345.22</valUSD>
        <pctVal>0.0530020476</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kinross Gold Corporation</name>
        <lei>549300UEBMAQDN0K0R06</lei>
        <title>Kinross Gold Corporation COM</title>
        <cusip>496902404</cusip>
        <identifiers>
          <isin value="CA4969024047"/>
          <ticker value="K"/>
        </identifiers>
        <balance>194605</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855"/>
        <valUSD>923157.98</valUSD>
        <pctVal>0.5131800340</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sands China Ltd</name>
        <lei>549300EVO6UZDGY05787</lei>
        <title>Sands China Ltd USD0.01</title>
        <cusip>G7800X107</cusip>
        <identifiers>
          <isin value="KYG7800X1079"/>
          <ticker value="1928"/>
        </identifiers>
        <balance>99190</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7923"/>
        <valUSD>531914.69</valUSD>
        <pctVal>0.2956893669</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CI Financial Corp</name>
        <lei>549300M9W7JJQSVCEM78</lei>
        <title>CI Financial Corp COM</title>
        <cusip>125491100</cusip>
        <identifiers>
          <isin value="CA1254911003"/>
          <ticker value="CIX"/>
        </identifiers>
        <balance>94840</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855"/>
        <valUSD>1585596.55</valUSD>
        <pctVal>0.8814271328</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WH Group Limited</name>
        <lei>254900A4AYEDRWYSE928</lei>
        <title>WH Group Limited USD0.0001</title>
        <cusip>G96007102</cusip>
        <identifiers>
          <isin value="KYG960071028"/>
          <ticker value="288"/>
        </identifiers>
        <balance>1240960</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7923"/>
        <valUSD>1285815.15</valUSD>
        <pctVal>0.7147797849</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ausnet Services</name>
        <lei>529900PPFC4A1KRQ2S64</lei>
        <title>Ausnet Services NPV</title>
        <cusip>Q0708Q109</cusip>
        <identifiers>
          <isin value="AU000000AST5"/>
          <ticker value="AST"/>
        </identifiers>
        <balance>179930</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4250089"/>
        <valUSD>214556.9</valUSD>
        <pctVal>0.1192713702</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fiat Chrysler Automobiles N.V</name>
        <lei>549300LKT9PW7ZIBDF31</lei>
        <title>Fiat Chrysler Automobiles N.V EUR0.01</title>
        <cusip>N31738102</cusip>
        <identifiers>
          <isin value="NL0010877643"/>
          <ticker value="FCAU"/>
        </identifiers>
        <balance>71293</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>1055865.98</valUSD>
        <pctVal>0.5869519099</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Poste Italiane SpA</name>
        <lei>815600354DEDBD0BA991</lei>
        <title>Poste Italiane SpA NPV</title>
        <cusip>T7S697106</cusip>
        <identifiers>
          <isin value="IT0003796171"/>
          <ticker value="PST"/>
        </identifiers>
        <balance>131387</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>1491195.28</valUSD>
        <pctVal>0.8289498234</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UPM-Kymmene Corporation</name>
        <lei>213800EC6PW5VU4J9U64</lei>
        <title>UPM-Kymmene Corporation NPV</title>
        <cusip>X9518S108</cusip>
        <identifiers>
          <isin value="FI0009005987"/>
          <ticker value="UPM"/>
        </identifiers>
        <balance>49709</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>1722787.92</valUSD>
        <pctVal>0.9576912971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Banco Bilbao Vizcaya Argentaria, S.A.</name>
        <lei>K8MS7FD7N5Z2WQ51AZ71</lei>
        <title>Banco Bilbao Vizcaya Argentaria, S.A. EUR0.49</title>
        <cusip>E11805103</cusip>
        <identifiers>
          <isin value="ES0113211835"/>
          <ticker value="BBVA"/>
        </identifiers>
        <balance>64409</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>362974.37</valUSD>
        <pctVal>0.2017760812</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kering S.A.</name>
        <lei>549300VGEJKB7SVUZR78</lei>
        <title>Kering S.A. EUR4</title>
        <cusip>F5433L103</cusip>
        <identifiers>
          <isin value="FR0000121485"/>
          <ticker value="KER"/>
        </identifiers>
        <balance>242</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>159422.7</valUSD>
        <pctVal>0.0886224767</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hochtief AG</name>
        <lei>529900Y25S8NZIYTT924</lei>
        <title>Hochtief AG NPV</title>
        <cusip>D33134103</cusip>
        <identifiers>
          <isin value="DE0006070006"/>
          <ticker value="HOT"/>
        </identifiers>
        <balance>4422</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>565973.16</valUSD>
        <pctVal>0.3146223418</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HeidelbergCement AG</name>
        <lei>LZ2C6E0W5W7LQMX5ZI37</lei>
        <title>HeidelbergCement AG NPV</title>
        <cusip>D31709104</cusip>
        <identifiers>
          <isin value="DE0006047004"/>
          <ticker value="HEI"/>
        </identifiers>
        <balance>14750</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>1075130.35</valUSD>
        <pctVal>0.5976609004</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Allianz Societas Europaea-SE</name>
        <lei>529900K9B0N5BT694847</lei>
        <title>Allianz Societas Europaea-SE NPV(REGD)(VINKULIERT)</title>
        <cusip>D03080112</cusip>
        <identifiers>
          <isin value="DE0008404005"/>
          <ticker value="ALV"/>
        </identifiers>
        <balance>5544</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>1359448.7</valUSD>
        <pctVal>0.7557123972</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hennes &amp; Mauritz</name>
        <lei>529900O5RR7R39FRDM42</lei>
        <title>Hennes &amp; Mauritz SER'B'NPV</title>
        <cusip>W41422101</cusip>
        <identifiers>
          <isin value="SE0000106270"/>
          <ticker value="HM B"/>
        </identifiers>
        <balance>57338</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.36635"/>
        <valUSD>1165553.32</valUSD>
        <pctVal>0.6479266879</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Metso Corp</name>
        <lei>2138007FRMWVPUDCMA45</lei>
        <title>Metso Corp NPV</title>
        <cusip>X53579102</cusip>
        <identifiers>
          <isin value="FI0009007835"/>
          <ticker value="METSO"/>
        </identifiers>
        <balance>20838</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>822679.21</valUSD>
        <pctVal>0.4573242653</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vestas Wind System</name>
        <lei>549300DYMC8BGZZC8844</lei>
        <title>Vestas Wind System DKK1</title>
        <cusip>K9773J128</cusip>
        <identifiers>
          <isin value="DK0010268606"/>
          <ticker value="VWS"/>
        </identifiers>
        <balance>6044</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.66185"/>
        <valUSD>611025.81</valUSD>
        <pctVal>0.3396669397</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Snam S.p.A.</name>
        <lei>8156002278562044AF79</lei>
        <title>Snam S.p.A. NPV</title>
        <cusip>T8578N103</cusip>
        <identifiers>
          <isin value="IT0003153415"/>
          <ticker value="SRG"/>
        </identifiers>
        <balance>26550</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>139893.67</valUSD>
        <pctVal>0.0777663627</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Proximus S.A</name>
        <lei>549300CWRXC5EP004533</lei>
        <title>Proximus S.A NPV</title>
        <cusip>B6951K109</cusip>
        <identifiers>
          <isin value="BE0003810273"/>
          <ticker value="PROX"/>
        </identifiers>
        <balance>38465</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>1101516.99</valUSD>
        <pctVal>0.6123291339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACS Actividades De Construccion Y Servicios S.A.</name>
        <lei>95980020140005558665</lei>
        <title>ACS Actividades De Construccion Y Servicios S.A. EUR0.5</title>
        <cusip>E7813W163</cusip>
        <identifiers>
          <isin value="ES0167050915"/>
          <ticker value="ACS"/>
        </identifiers>
        <balance>37286</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>1494660.77</valUSD>
        <pctVal>0.8308762762</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lanxess Ag</name>
        <lei>529900PTLRE72EMYIJ77</lei>
        <title>Lanxess Ag NPV</title>
        <cusip>D5032B102</cusip>
        <identifiers>
          <isin value="DE0005470405"/>
          <ticker value="LXS"/>
        </identifiers>
        <balance>268</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>18008.95</valUSD>
        <pctVal>0.0100111073</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Raiffeisen Bank International AG</name>
        <lei>9ZHRYM6F437SQJ6OUG95</lei>
        <title>Raiffeisen Bank International AG NPV (REGD)</title>
        <cusip>A7111G104</cusip>
        <identifiers>
          <isin value="AT0000606306"/>
          <ticker value="RBI"/>
        </identifiers>
        <balance>58667</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>1471653.05</valUSD>
        <pctVal>0.8180863715</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Engie</name>
        <lei>LAXUQCHT4FH58LRZDY46</lei>
        <title>Engie EUR1</title>
        <cusip>F7629A107</cusip>
        <identifiers>
          <isin value="FR0010208488"/>
          <ticker value="ENGI"/>
        </identifiers>
        <balance>31485</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>508797.35</valUSD>
        <pctVal>0.2828385249</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eutelsat Communica</name>
        <lei>549300EFWH9UR17YSK05</lei>
        <title>Eutelsat Communica EUR1</title>
        <cusip>F3692M128</cusip>
        <identifiers>
          <isin value="FR0010221234"/>
          <ticker value="ETL"/>
        </identifiers>
        <balance>49429</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>804012.02</valUSD>
        <pctVal>0.4469472449</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICA Gruppen AB</name>
        <lei>549300ZEFN8VKPK9I111</lei>
        <title>ICA Gruppen AB NPV</title>
        <cusip>W4241E105</cusip>
        <identifiers>
          <isin value="SE0000652216"/>
          <ticker value="ICA"/>
        </identifiers>
        <balance>8696</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.36635"/>
        <valUSD>406117.41</valUSD>
        <pctVal>0.2257591342</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Swisscom AG</name>
        <lei>5493005SL9HHOXS3B739</lei>
        <title>Swisscom AG CHF1(REGD)</title>
        <cusip>H8398N104</cusip>
        <identifiers>
          <isin value="CH0008742519"/>
          <ticker value="SCMN"/>
        </identifiers>
        <balance>3115</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".9678"/>
        <valUSD>1649647.29</valUSD>
        <pctVal>0.9170326972</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Constellation Soft</name>
        <lei>549300B6PYHMCTDWQV29</lei>
        <title>Constellation Soft COM</title>
        <cusip>21037X100</cusip>
        <identifiers>
          <isin value="CA21037X1006"/>
          <ticker value="CSU"/>
        </identifiers>
        <balance>244</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855"/>
        <valUSD>236974.35</valUSD>
        <pctVal>0.1317331460</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unilever N.V.</name>
        <lei>549300TK7G7NZTVM1Z30</lei>
        <title>Unilever N.V. EUR0.16</title>
        <cusip>N8981F289</cusip>
        <identifiers>
          <isin value="NL0000388619"/>
          <ticker value="UNA"/>
        </identifiers>
        <balance>56626</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>3258040.55</valUSD>
        <pctVal>1.8111324349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Orion Corporation</name>
        <lei>74370029VAHCXDR7B745</lei>
        <title>Orion Corporation SER'B'NPV</title>
        <cusip>X6002Y112</cusip>
        <identifiers>
          <isin value="FI0009014377"/>
          <ticker value="ORNBV"/>
        </identifiers>
        <balance>13218</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>611769.05</valUSD>
        <pctVal>0.3400801040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FI</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Utilities Group Plc</name>
        <lei>2138002IEYQAOC88ZJ59</lei>
        <title>United Utilities Group Plc ORD GBP0.05</title>
        <cusip>G92755100</cusip>
        <identifiers>
          <isin value="GB00B39J2M42"/>
          <ticker value="UU."/>
        </identifiers>
        <balance>4295</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>53948.08</valUSD>
        <pctVal>0.0299895339</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wynn Macau Ltd</name>
        <lei>254900NMDQ8ENTHU1I31</lei>
        <title>Wynn Macau Ltd HKD0.001</title>
        <cusip>G98149100</cusip>
        <identifiers>
          <isin value="KYG981491007"/>
          <ticker value="1128"/>
        </identifiers>
        <balance>157876</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7923"/>
        <valUSD>390528.3</valUSD>
        <pctVal>0.2170932068</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KY</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASML Holding N.V.</name>
        <lei>724500Y6DUVHQD6OXN27</lei>
        <title>ASML Holding N.V. EUR0.09</title>
        <cusip>N07059202</cusip>
        <identifiers>
          <isin value="NL0010273215"/>
          <ticker value="ASML"/>
        </identifiers>
        <balance>947</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>282026.27</valUSD>
        <pctVal>0.1567773382</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Japan Airlines Co Ltd</name>
        <lei>3538002MH5L1QZZ93477</lei>
        <title>Japan Airlines Co Ltd NPV</title>
        <cusip>J25979121</cusip>
        <identifiers>
          <isin value="JP3705200008"/>
          <ticker value="9201"/>
        </identifiers>
        <balance>5700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>177871.01</valUSD>
        <pctVal>0.0988778226</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Air Canada</name>
        <lei>4B4HI3CGXMBDC0G6BM51</lei>
        <title>Air Canada VAR VTG SHS</title>
        <cusip>008911877</cusip>
        <identifiers>
          <isin value="CA0089118776"/>
          <ticker value="AC"/>
        </identifiers>
        <balance>911</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855"/>
        <valUSD>34032.27</valUSD>
        <pctVal>0.0189184103</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Hydro One Ltd</name>
        <lei>5493007QZDXTP1W2VL44</lei>
        <title>Hydro One Ltd COM</title>
        <cusip>448811208</cusip>
        <identifiers>
          <isin value="CA4488112083"/>
          <ticker value="H"/>
        </identifiers>
        <balance>13537</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855"/>
        <valUSD>261451.59</valUSD>
        <pctVal>0.1453399513</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>DBS Group Holdings Ltd</name>
        <lei>5493007FKT78NKPM5V55</lei>
        <title>DBS Group Holdings Ltd NPV</title>
        <cusip>Y20246107</cusip>
        <identifiers>
          <isin value="SG1L01001701"/>
          <ticker value="D05"/>
        </identifiers>
        <balance>49000</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.34495"/>
        <valUSD>944487.52</valUSD>
        <pctVal>0.5250370447</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Otsuka Corp</name>
        <lei>529900RG9DJ58J3UIE72</lei>
        <title>Otsuka Corp NPV</title>
        <cusip>J6243L115</cusip>
        <identifiers>
          <isin value="JP3188200004"/>
          <ticker value="4768"/>
        </identifiers>
        <balance>23400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>934585.62</valUSD>
        <pctVal>0.5195326159</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Abc-Mart Inc</name>
        <lei>N/A</lei>
        <title>Abc-Mart Inc NPV</title>
        <cusip>J00056101</cusip>
        <identifiers>
          <isin value="JP3152740001"/>
          <ticker value="2670"/>
        </identifiers>
        <balance>22400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>1526926.65</valUSD>
        <pctVal>0.8488127570</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fisher &amp; Paykel He</name>
        <lei>N/A</lei>
        <title>Fisher &amp; Paykel He NPV</title>
        <cusip>Q38992105</cusip>
        <identifiers>
          <isin value="NZFAPE0001S2"/>
          <ticker value="FPH"/>
        </identifiers>
        <balance>29967</balance>
        <units>NS</units>
        <currencyConditional curCd="NZD" exchangeRt="1.4854426"/>
        <valUSD>449686.64</valUSD>
        <pctVal>0.2499791045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NZ</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Resona Holdings Inc</name>
        <lei>52990067JE75XZCYYT81</lei>
        <title>Resona Holdings Inc NPV</title>
        <cusip>J6448E106</cusip>
        <identifiers>
          <isin value="JP3500610005"/>
          <ticker value="8308"/>
        </identifiers>
        <balance>191900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>836756.73</valUSD>
        <pctVal>0.4651499055</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Asahi Group Holdings,Ltd</name>
        <lei>353800KAJ02XNHLCJW79</lei>
        <title>Asahi Group Holdings,Ltd NPV</title>
        <cusip>J02100113</cusip>
        <identifiers>
          <isin value="JP3116000005"/>
          <ticker value="2502"/>
        </identifiers>
        <balance>34500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>1575949.44</valUSD>
        <pctVal>0.8760643407</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BOC Hong Kong (Holdings) Limited</name>
        <lei>N/A</lei>
        <title>BOC Hong Kong (Holdings) Limited NPV</title>
        <cusip>Y0920U103</cusip>
        <identifiers>
          <isin value="HK2388011192"/>
          <ticker value="2388"/>
        </identifiers>
        <balance>351727</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7923"/>
        <valUSD>1224837.25</valUSD>
        <pctVal>0.6808824006</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mizrahi Tefahot Bank Limited</name>
        <lei>YZO9YEGEO4VYDZMDWF93</lei>
        <title>Mizrahi Tefahot Bank Limited ILS0.01</title>
        <cusip>M7031A135</cusip>
        <identifiers>
          <isin value="IL0006954379"/>
          <ticker value="MZTF"/>
        </identifiers>
        <balance>2677</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.4533"/>
        <valUSD>71389.34</valUSD>
        <pctVal>0.0396850644</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Mitsui Financial Group Inc</name>
        <lei>35380028MYWPB6AUO129</lei>
        <title>Sumitomo Mitsui Financial Group Inc NPV</title>
        <cusip>J7771X109</cusip>
        <identifiers>
          <isin value="JP3890350006"/>
          <ticker value="8316"/>
        </identifiers>
        <balance>61800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>2274993.5</valUSD>
        <pctVal>1.2646602932</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Australia and New Zealand Banking Group Limited</name>
        <lei>JHE42UYNWWTJB8YTTU19</lei>
        <title>Australia and New Zealand Banking Group Limited NPV</title>
        <cusip>Q09504137</cusip>
        <identifiers>
          <isin value="AU000000ANZ3"/>
          <ticker value="ANZ"/>
        </identifiers>
        <balance>118133</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4250089"/>
        <valUSD>2046602.8</valUSD>
        <pctVal>1.1376987657</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alfresa Holdings</name>
        <lei>N/A</lei>
        <title>Alfresa Holdings NPV</title>
        <cusip>J0109X107</cusip>
        <identifiers>
          <isin value="JP3126340003"/>
          <ticker value="2784"/>
        </identifiers>
        <balance>61209</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>1249684.95</valUSD>
        <pctVal>0.6946951432</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bank Leumi Le-Israel BM</name>
        <lei>7JDSZWRGUQY2DSTWCR57</lei>
        <title>Bank Leumi Le-Israel BM ILS1</title>
        <cusip>M16043107</cusip>
        <identifiers>
          <isin value="IL0006046119"/>
          <ticker value="LUMI"/>
        </identifiers>
        <balance>155822</balance>
        <units>NS</units>
        <currencyConditional curCd="ILS" exchangeRt="3.4533"/>
        <valUSD>1135599.14</valUSD>
        <pctVal>0.6312752723</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Telstra Corporation Limited</name>
        <lei>PCTXNQGRJVR3OG33JG65</lei>
        <title>Telstra Corporation Limited NPV</title>
        <cusip>Q8975N105</cusip>
        <identifiers>
          <isin value="AU000000TLS2"/>
          <ticker value="TLS"/>
        </identifiers>
        <balance>386321</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4250089"/>
        <valUSD>962442.4</valUSD>
        <pctVal>0.5350180947</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CLP Holdings Ltd</name>
        <lei>25490002BUTSMP94GO68</lei>
        <title>CLP Holdings Ltd NPV</title>
        <cusip>Y1660Q104</cusip>
        <identifiers>
          <isin value="HK0002007356"/>
          <ticker value="2"/>
        </identifiers>
        <balance>1256</balance>
        <units>NS</units>
        <currencyConditional curCd="HKD" exchangeRt="7.7923"/>
        <valUSD>13225.26</valUSD>
        <pctVal>0.0073518721</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>HK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fortescue Metals G</name>
        <lei>529900VEJFORCO6I4826</lei>
        <title>Fortescue Metals G NPV</title>
        <cusip>Q39360104</cusip>
        <identifiers>
          <isin value="AU000000FMG4"/>
          <ticker value="FMG"/>
        </identifiers>
        <balance>236093</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4250089"/>
        <valUSD>1779451.38</valUSD>
        <pctVal>0.9891903005</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Coca-Cola Amatil Limited</name>
        <lei>JOR7RJTXUXBRJ4UA5G70</lei>
        <title>Coca-Cola Amatil Limited NPV</title>
        <cusip>Q2594P146</cusip>
        <identifiers>
          <isin value="AU000000CCL2"/>
          <ticker value="CCL"/>
        </identifiers>
        <balance>29663</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4250089"/>
        <valUSD>230645.7</valUSD>
        <pctVal>0.1282150734</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Chemical Holdings Corporation</name>
        <lei>353800YNKX4RQUGAR072</lei>
        <title>Mitsubishi Chemical Holdings Corporation NPV</title>
        <cusip>J44046100</cusip>
        <identifiers>
          <isin value="JP3897700005"/>
          <ticker value="4188"/>
        </identifiers>
        <balance>47100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>350907.65</valUSD>
        <pctVal>0.1950682371</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NTT Docomo Inc</name>
        <lei>353800TVPXCGWDZIIU09</lei>
        <title>NTT Docomo Inc NPV</title>
        <cusip>J59399121</cusip>
        <identifiers>
          <isin value="JP3165650007"/>
          <ticker value="9437"/>
        </identifiers>
        <balance>57800</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>1615241.23</valUSD>
        <pctVal>0.8979064984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bridgestone Corp</name>
        <lei>549300DHPOF90OYYD780</lei>
        <title>Bridgestone Corp NPV</title>
        <cusip>J04578126</cusip>
        <identifiers>
          <isin value="JP3830800003"/>
          <ticker value="5108"/>
        </identifiers>
        <balance>33910</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>1259513.63</valUSD>
        <pctVal>0.7001588693</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bhp Group Ltd</name>
        <lei>WZE1WSENV6JSZFK0JC28</lei>
        <title>Bhp Group Ltd NPV</title>
        <cusip>Q1498M100</cusip>
        <identifiers>
          <isin value="AU000000BHP4"/>
          <ticker value="BHP"/>
        </identifiers>
        <balance>22243</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4250089"/>
        <valUSD>609244.97</valUSD>
        <pctVal>0.3386769775</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brother Industries Ltd</name>
        <lei>549300O5FACQ67KI6R92</lei>
        <title>Brother Industries Ltd NPV</title>
        <cusip>114813108</cusip>
        <identifiers>
          <isin value="JP3830000000"/>
          <ticker value="6448"/>
        </identifiers>
        <balance>61522</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>1266773.3</valUSD>
        <pctVal>0.7041944924</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>AerCap Holdings N.V.</name>
        <lei>549300SZYINBBLJQU475</lei>
        <title>AerCap Holdings N.V. EUR0.01</title>
        <cusip>N00985106</cusip>
        <identifiers>
          <isin value="NL0000687663"/>
          <ticker value="AER"/>
        </identifiers>
        <balance>6650</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>408775.5</valUSD>
        <pctVal>0.2272367564</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CSL</name>
        <lei>529900ECSECK5ZDQTE14</lei>
        <title>CSL ORD NPV</title>
        <cusip>Q3018U109</cusip>
        <identifiers>
          <isin value="AU000000CSL8"/>
          <ticker value="CSL"/>
        </identifiers>
        <balance>1194</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4250089"/>
        <valUSD>231720.92</valUSD>
        <pctVal>0.1288127841</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Chubu Electric Power Company, Incorporated</name>
        <lei>529900A76GOP0PGNHT63</lei>
        <title>Chubu Electric Power Company, Incorporated NPV</title>
        <cusip>J06510101</cusip>
        <identifiers>
          <isin value="JP3526600006"/>
          <ticker value="9502"/>
        </identifiers>
        <balance>20700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>291978.9</valUSD>
        <pctVal>0.1623099676</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>KDDI Corp</name>
        <lei>5299003FU7V4I45FU310</lei>
        <title>KDDI Corp NPV</title>
        <cusip>J31843105</cusip>
        <identifiers>
          <isin value="JP3496400007"/>
          <ticker value="9433"/>
        </identifiers>
        <balance>56919</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>1693328.5</valUSD>
        <pctVal>0.9413149168</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daito Trust Construction Co</name>
        <lei>353800QQ4DRI3KXS3038</lei>
        <title>Daito Trust Construction Co NPV</title>
        <cusip>J11151107</cusip>
        <identifiers>
          <isin value="JP3486800000"/>
          <ticker value="1878"/>
        </identifiers>
        <balance>4120</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>510265.59</valUSD>
        <pctVal>0.2836547140</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Daiwa House Industry Co</name>
        <lei>N/A</lei>
        <title>Daiwa House Industry Co NPV</title>
        <cusip>J11508124</cusip>
        <identifiers>
          <isin value="JP3505000004"/>
          <ticker value="1925"/>
        </identifiers>
        <balance>48400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>1499505.6</valUSD>
        <pctVal>0.8335694988</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi UFJ Lease &amp; Finance Company Limited</name>
        <lei>353800MZ3QX9RLMH7B09</lei>
        <title>Mitsubishi UFJ Lease &amp; Finance Company Limited NPV</title>
        <cusip>J4706D100</cusip>
        <identifiers>
          <isin value="JP3499800005"/>
          <ticker value="8593"/>
        </identifiers>
        <balance>30300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>195011.98</valUSD>
        <pctVal>0.1084064230</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>East Japan Railway Co</name>
        <lei>353800SENYJ2DSM6PS44</lei>
        <title>East Japan Railway Co NPV</title>
        <cusip>J1257M109</cusip>
        <identifiers>
          <isin value="JP3783600004"/>
          <ticker value="9020"/>
        </identifiers>
        <balance>8200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>740164.1</valUSD>
        <pctVal>0.4114544273</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FUJIFILM Holdings Corporation</name>
        <lei>529900UBKMFM0ST6H474</lei>
        <title>FUJIFILM Holdings Corporation NPV</title>
        <cusip>J14208102</cusip>
        <identifiers>
          <isin value="JP3814000000"/>
          <ticker value="4901"/>
        </identifiers>
        <balance>1200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>57218.43</valUSD>
        <pctVal>0.0318075091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Honda Motor Company, Ltd.</name>
        <lei>549300P7ZYCQJ36CCS16</lei>
        <title>Honda Motor Company, Ltd. NPV</title>
        <cusip>J22302111</cusip>
        <identifiers>
          <isin value="JP3854600008"/>
          <ticker value="7267"/>
        </identifiers>
        <balance>12300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>346948.42</valUSD>
        <pctVal>0.1928673161</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kamigumi Co Ltd</name>
        <lei>N/A</lei>
        <title>Kamigumi Co Ltd NPV</title>
        <cusip>J29438165</cusip>
        <identifiers>
          <isin value="JP3219000001"/>
          <ticker value="9364"/>
        </identifiers>
        <balance>44400</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>972775.49</valUSD>
        <pctVal>0.5407622204</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kurita Water Inds</name>
        <lei>52990086GS2ON69UMX34</lei>
        <title>Kurita Water Inds NPV</title>
        <cusip>J37221116</cusip>
        <identifiers>
          <isin value="JP3270000007"/>
          <ticker value="6370"/>
        </identifiers>
        <balance>6300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>186653.03</valUSD>
        <pctVal>0.1037597143</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lendlease Corporation Limited</name>
        <lei>549300MQ0F0TIIEK5592</lei>
        <title>Lendlease Corporation Limited NPV (STAPLED)</title>
        <cusip>Q55368114</cusip>
        <identifiers>
          <isin value="AU000000LLC3"/>
          <ticker value="LLC"/>
        </identifiers>
        <balance>30969</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4250089"/>
        <valUSD>383279.09</valUSD>
        <pctVal>0.2130633983</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Yangzijiang Shipbu</name>
        <lei>254900Z3JEM14YIGLM66</lei>
        <title>Yangzijiang Shipbu NPV (SGD)</title>
        <cusip>Y9728A102</cusip>
        <identifiers>
          <isin value="SG1U76934819"/>
          <ticker value="BS6"/>
        </identifiers>
        <balance>1261400</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.34495"/>
        <valUSD>1053886.37</valUSD>
        <pctVal>0.5858514522</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Marubeni Corp</name>
        <lei>4P4N3ORD02UGQT1T1W12</lei>
        <title>Marubeni Corp NPV</title>
        <cusip>J39788138</cusip>
        <identifiers>
          <isin value="JP3877600001"/>
          <ticker value="8002"/>
        </identifiers>
        <balance>26100</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>192864.12</valUSD>
        <pctVal>0.1072124358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Volvo AB</name>
        <lei>549300HGV012CNC8JD22</lei>
        <title>Volvo AB SER'B'NPV</title>
        <cusip>928856301</cusip>
        <identifiers>
          <isin value="SE0000115446"/>
          <ticker value="VOLV B"/>
        </identifiers>
        <balance>14450</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.36635"/>
        <valUSD>242492.55</valUSD>
        <pctVal>0.1348006926</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsubishi Corporation</name>
        <lei>KVIPTY4PULAPGC1VVD26</lei>
        <title>Mitsubishi Corporation NPV</title>
        <cusip>J43830116</cusip>
        <identifiers>
          <isin value="JP3898400001"/>
          <ticker value="8058"/>
        </identifiers>
        <balance>6900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>183055.73</valUSD>
        <pctVal>0.1017599888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mitsui &amp; Co Ltd</name>
        <lei>2NRSB4GOU9DD6CNW5R48</lei>
        <title>Mitsui &amp; Co Ltd NPV</title>
        <cusip>J44690139</cusip>
        <identifiers>
          <isin value="JP3893600001"/>
          <ticker value="8031"/>
        </identifiers>
        <balance>22200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>394760.08</valUSD>
        <pctVal>0.2194456373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SKF AB</name>
        <lei>549300B6HWYEE57O8J84</lei>
        <title>SKF AB SER'B'NPV</title>
        <cusip>W84237143</cusip>
        <identifiers>
          <isin value="SE0000108227"/>
          <ticker value="SKF B"/>
        </identifiers>
        <balance>39387</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.36635"/>
        <valUSD>797979.33</valUSD>
        <pctVal>0.4435936953</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nippon Telegraph and Telephone Corporation</name>
        <lei>353800VHQU5VIXVUA841</lei>
        <title>Nippon Telegraph and Telephone Corporation NPV</title>
        <cusip>J59396101</cusip>
        <identifiers>
          <isin value="JP3735400008"/>
          <ticker value="9432"/>
        </identifiers>
        <balance>6934</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>175636.94</valUSD>
        <pctVal>0.0976359115</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Sandvik A/B</name>
        <lei>5299008ZUAXN43LVZF54</lei>
        <title>Sandvik A/B NPV</title>
        <cusip>W74857165</cusip>
        <identifiers>
          <isin value="SE0000667891"/>
          <ticker value="SAND"/>
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        <balance>28462</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.36635"/>
        <valUSD>556279.91</valUSD>
        <pctVal>0.3092339007</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Obayashi Corp</name>
        <lei>529900YT4O5S0LCXWD54</lei>
        <title>Obayashi Corp NPV</title>
        <cusip>J59826107</cusip>
        <identifiers>
          <isin value="JP3190000004"/>
          <ticker value="1802"/>
        </identifiers>
        <balance>48700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>539979.63</valUSD>
        <pctVal>0.3001726366</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Orix Corporation</name>
        <lei>35380016EMHNBOVYE123</lei>
        <title>Orix Corporation NPV</title>
        <cusip>J61933123</cusip>
        <identifiers>
          <isin value="JP3200450009"/>
          <ticker value="8591"/>
        </identifiers>
        <balance>57200</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>952114.93</valUSD>
        <pctVal>0.5292770931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Santos Limited</name>
        <lei>5299000RK70B5O2M7077</lei>
        <title>Santos Limited NPV</title>
        <cusip>Q82869118</cusip>
        <identifiers>
          <isin value="AU000000STO6"/>
          <ticker value="STO"/>
        </identifiers>
        <balance>118053</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4250089"/>
        <valUSD>679449.76</valUSD>
        <pctVal>0.3777035550</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sundrug Co Ltd</name>
        <lei>N/A</lei>
        <title>Sundrug Co Ltd NPV</title>
        <cusip>J78089109</cusip>
        <identifiers>
          <isin value="JP3336600006"/>
          <ticker value="9989"/>
        </identifiers>
        <balance>2500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>90349.48</valUSD>
        <pctVal>0.0502249346</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sonic Healthcare</name>
        <lei>549300NQQ5L2NONWR862</lei>
        <title>Sonic Healthcare NPV</title>
        <cusip>Q8563C107</cusip>
        <identifiers>
          <isin value="AU000000SHL7"/>
          <ticker value="SHL"/>
        </identifiers>
        <balance>23511</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4250089"/>
        <valUSD>475340.27</valUSD>
        <pctVal>0.2642398606</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sumitomo Heavy Industries Ltd</name>
        <lei>353800VSTEIRMBC3S374</lei>
        <title>Sumitomo Heavy Industries Ltd NPV</title>
        <cusip>J77497170</cusip>
        <identifiers>
          <isin value="JP3405400007"/>
          <ticker value="6302"/>
        </identifiers>
        <balance>26500</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>751195.21</valUSD>
        <pctVal>0.4175865797</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Suzuken Co Ltd</name>
        <lei>N/A</lei>
        <title>Suzuken Co Ltd NPV</title>
        <cusip>J78454105</cusip>
        <identifiers>
          <isin value="JP3398000004"/>
          <ticker value="9987"/>
        </identifiers>
        <balance>5900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>240090.62</valUSD>
        <pctVal>0.1334654687</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Electric Power Company Holdings Inc</name>
        <lei>5299004EMJ3R4RVR5Y75</lei>
        <title>Tokyo Electric Power Company Holdings Inc NPV</title>
        <cusip>J86914108</cusip>
        <identifiers>
          <isin value="JP3585800000"/>
          <ticker value="9501"/>
        </identifiers>
        <balance>45900</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>196000.57</valUSD>
        <pctVal>0.1089559765</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tokyo Electron Ltd</name>
        <lei>549300H5LSF8DP3RIJ34</lei>
        <title>Tokyo Electron Ltd NPV</title>
        <cusip>J86957115</cusip>
        <identifiers>
          <isin value="JP3571400005"/>
          <ticker value="8035"/>
        </identifiers>
        <balance>6600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>1450368.8</valUSD>
        <pctVal>0.8062545373</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Toppan Printing Co Ltd</name>
        <lei>3538003H9W4KIDODQY20</lei>
        <title>Toppan Printing Co Ltd NPV</title>
        <cusip>890747108</cusip>
        <identifiers>
          <isin value="JP3629000005"/>
          <ticker value="7911"/>
        </identifiers>
        <balance>48300</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>995721.64</valUSD>
        <pctVal>0.5535178985</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Tosoh Corp</name>
        <lei>529900YSLFVJF2MDBX02</lei>
        <title>Tosoh Corp NPV</title>
        <cusip>J90096132</cusip>
        <identifiers>
          <isin value="JP3595200001"/>
          <ticker value="4042"/>
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        <balance>85544</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>1316490.21</valUSD>
        <pctVal>0.7318319349</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Toyota Motor Corp</name>
        <lei>5493006W3QUS5LMH6R84</lei>
        <title>Toyota Motor Corp NPV</title>
        <cusip>J92676113</cusip>
        <identifiers>
          <isin value="JP3633400001"/>
          <ticker value="7203"/>
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        <balance>48700</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>3428956.41</valUSD>
        <pctVal>1.9061439159</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>United Overseas Bank Limited</name>
        <lei>IO66REGK3RCBAMA8HR66</lei>
        <title>United Overseas Bank Limited NPV</title>
        <cusip>Y9T10P105</cusip>
        <identifiers>
          <isin value="SG1M31001969"/>
          <ticker value="U11"/>
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        <balance>90657</balance>
        <units>NS</units>
        <currencyConditional curCd="SGD" exchangeRt="1.34495"/>
        <valUSD>1783215.7</valUSD>
        <pctVal>0.9912828718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>West Japan Railway Co</name>
        <lei>N/A</lei>
        <title>West Japan Railway Co NPV</title>
        <cusip>J95094108</cusip>
        <identifiers>
          <isin value="JP3659000008"/>
          <ticker value="9021"/>
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        <balance>600</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="108.655"/>
        <valUSD>51810.58</valUSD>
        <pctVal>0.0288013057</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>E.ON SE</name>
        <lei>Q9MAIUP40P25UFBFG033</lei>
        <title>E.ON SE NPV</title>
        <cusip>D24914133</cusip>
        <identifiers>
          <isin value="DE000ENAG999"/>
          <ticker value="EOAN"/>
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        <balance>6300</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>67377.79</valUSD>
        <pctVal>0.0374550589</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Segro Plc</name>
        <lei>213800XC35KGM9NFC641</lei>
        <title>Segro Plc ORD GBP0.10</title>
        <cusip>G80277141</cusip>
        <identifiers>
          <isin value="GB00B5ZN1N88"/>
          <ticker value="SGRO"/>
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        <balance>2942</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>35118.12</valUSD>
        <pctVal>0.0195220303</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Altagas Ltd</name>
        <lei>DR5LKEURSR8SXLM64266</lei>
        <title>Altagas Ltd COM</title>
        <cusip>021361100</cusip>
        <identifiers>
          <isin value="CA0213611001"/>
          <ticker value="ALA"/>
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        <balance>15688</balance>
        <units>NS</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855"/>
        <valUSD>238965.49</valUSD>
        <pctVal>0.1328400132</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Pandora A/S</name>
        <lei>5299007OWYZ6I1E46843</lei>
        <title>Pandora A/S DKK1</title>
        <cusip>K7681L102</cusip>
        <identifiers>
          <isin value="DK0060252690"/>
          <ticker value="PNDORA"/>
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        <balance>2626</balance>
        <units>NS</units>
        <currencyConditional curCd="DKK" exchangeRt="6.66185"/>
        <valUSD>114230.53</valUSD>
        <pctVal>0.0635003201</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DK</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Sodexo</name>
        <lei>969500LCBOG12HXPYM84</lei>
        <title>Sodexo EUR4</title>
        <cusip>F84941123</cusip>
        <identifiers>
          <isin value="FR0000121220"/>
          <ticker value="SW"/>
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        <balance>3263</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>387007.05</valUSD>
        <pctVal>0.2151357572</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Novartis AG</name>
        <lei>5493007HIVTX6SY6XD66</lei>
        <title>Novartis AG CHF0.50 (REGD)</title>
        <cusip>H5820Q150</cusip>
        <identifiers>
          <isin value="CH0012005267"/>
          <ticker value="NOVN"/>
        </identifiers>
        <balance>21263</balance>
        <units>NS</units>
        <currencyConditional curCd="CHF" exchangeRt=".9678"/>
        <valUSD>2014506.94</valUSD>
        <pctVal>1.1198567984</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fraport AG</name>
        <lei>5299001ERX0K10IZUL40</lei>
        <title>Fraport AG NPV</title>
        <cusip>D3856U108</cusip>
        <identifiers>
          <isin value="DE0005773303"/>
          <ticker value="FRA"/>
        </identifiers>
        <balance>13897</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>1181176.03</valUSD>
        <pctVal>0.6566112933</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Skanska AB</name>
        <lei>549300UINV5RINHGMG07</lei>
        <title>Skanska AB SER'B'NPV</title>
        <cusip>W83567110</cusip>
        <identifiers>
          <isin value="SE0000113250"/>
          <ticker value="SKA B"/>
        </identifiers>
        <balance>9621</balance>
        <units>NS</units>
        <currencyConditional curCd="SEK" exchangeRt="9.36635"/>
        <valUSD>217550.89</valUSD>
        <pctVal>0.1209357180</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enel - Societa per Azioni</name>
        <lei>WOCMU6HCI0OJWNPRZS33</lei>
        <title>Enel - Societa per Azioni EUR1</title>
        <cusip>T3679P115</cusip>
        <identifiers>
          <isin value="IT0003128367"/>
          <ticker value="ENEL"/>
        </identifiers>
        <balance>113535</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>903217.01</valUSD>
        <pctVal>0.5020949241</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNP Paribas</name>
        <lei>R0MUWSFPU8MPRO8K5P83</lei>
        <title>BNP Paribas EUR2</title>
        <cusip>F1058Q238</cusip>
        <identifiers>
          <isin value="FR0000131104"/>
          <ticker value="BNP"/>
        </identifiers>
        <balance>42594</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>2535501.93</valUSD>
        <pctVal>1.4094759454</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enagas Sa</name>
        <lei>213800OU3FQKGM4M2U23</lei>
        <title>Enagas Sa EUR1.50</title>
        <cusip>E41759106</cusip>
        <identifiers>
          <isin value="ES0130960018"/>
          <ticker value="ENG"/>
        </identifiers>
        <balance>10000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>255462.31</valUSD>
        <pctVal>0.1420105332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Compagnie de Saint-Gobain</name>
        <lei>NFONVGN05Z0FMN5PEC35</lei>
        <title>Compagnie de Saint-Gobain EUR4</title>
        <cusip>F80343100</cusip>
        <identifiers>
          <isin value="FR0000125007"/>
          <ticker value="SGO"/>
        </identifiers>
        <balance>3692</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>151702.84</valUSD>
        <pctVal>0.0843310357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Equinor ASA</name>
        <lei>OW6OFBNCKXC4US5C7523</lei>
        <title>Equinor ASA NOK2.50</title>
        <cusip>R2R90P103</cusip>
        <identifiers>
          <isin value="NO0010096985"/>
          <ticker value="EQNR"/>
        </identifiers>
        <balance>84868</balance>
        <units>NS</units>
        <currencyConditional curCd="NOK" exchangeRt="8.7793"/>
        <valUSD>1697232.71</valUSD>
        <pctVal>0.9434852524</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Iberdrola, S.A.</name>
        <lei>5QK37QC7NWOJ8D7WVQ45</lei>
        <title>Iberdrola, S.A. EUR0.75</title>
        <cusip>E6165F166</cusip>
        <identifiers>
          <isin value="ES0144580Y14"/>
          <ticker value="IBE"/>
        </identifiers>
        <balance>62953</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>648355.45</valUSD>
        <pctVal>0.3604183456</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>ES</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Macquarie Group Limited</name>
        <lei>ACMHD8HWFMFUIQQ8Y590</lei>
        <title>Macquarie Group Limited NPV</title>
        <cusip>Q57085286</cusip>
        <identifiers>
          <isin value="AU000000MQG1"/>
          <ticker value="MQG"/>
        </identifiers>
        <balance>4857</balance>
        <units>NS</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4250089"/>
        <valUSD>471093</valUSD>
        <pctVal>0.2618788192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Covivio, S.A.</name>
        <lei>969500P8M3W2XX376054</lei>
        <title>Covivio, S.A. EUR3</title>
        <cusip>F2R22T119</cusip>
        <identifiers>
          <isin value="FR0000064578"/>
          <ticker value="COV"/>
        </identifiers>
        <balance>13665</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>1552169.41</valUSD>
        <pctVal>0.8628451119</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Adidas AG</name>
        <lei>549300JSX0Z4CW0V5023</lei>
        <title>Adidas AG NPV (REGD)</title>
        <cusip>D0066B185</cusip>
        <identifiers>
          <isin value="DE000A1EWWW0"/>
          <ticker value="ADS"/>
        </identifiers>
        <balance>2579</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>838192.86</valUSD>
        <pctVal>0.4659482447</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Colruyt Sa</name>
        <lei>5493000O0NZ1BCXO8K39</lei>
        <title>Colruyt Sa NPV</title>
        <cusip>B26882231</cusip>
        <identifiers>
          <isin value="BE0974256852"/>
          <ticker value="COLR"/>
        </identifiers>
        <balance>858</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>44785.69</valUSD>
        <pctVal>0.0248961959</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>National Grid plc</name>
        <lei>8R95QZMKZLJX5Q2XR704</lei>
        <title>National Grid plc ORD GBP0.12431289</title>
        <cusip>G6S9A7120</cusip>
        <identifiers>
          <isin value="GB00BDR05C01"/>
          <ticker value="NG."/>
        </identifiers>
        <balance>38715</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>486529</valUSD>
        <pctVal>0.2704596333</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eurex</name>
        <lei>N/A</lei>
        <title>FUT MAR 20 EURX E-STXX 50</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="VGH0"/>
          <other otherDesc="NT_ID" value="9J7HAFU"/>
        </identifiers>
        <balance>33</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt=".8915039"/>
        <valUSD>1380330.48</valUSD>
        <pctVal>0.7673204998</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Eurex</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>Euro Stoxx 50</indexName>
                <indexIdentifier>SX5E</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2020-03-20</expDate>
            <notionalAmt>1230570</notionalAmt>
            <curCd>EUR</curCd>
            <unrealizedAppr>-2468.84</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ICE Futures Europe Financials</name>
        <lei>549300UF4R84F48NCH34</lei>
        <title>FUT MAR 20 FTSE 100</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="Z H0"/>
          <other otherDesc="NT_ID" value="9JYQNGU"/>
        </identifiers>
        <balance>5</balance>
        <units>NC</units>
        <currencyConditional curCd="GBP" exchangeRt=".7549448"/>
        <valUSD>496658.83</valUSD>
        <pctVal>0.2760907675</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE Futures Europe Financials</counterpartyName>
              <counterpartyLei>549300UF4R84F48NCH34</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>FTSE 100 Index</indexName>
                <indexIdentifier>UKX</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2020-03-20</expDate>
            <notionalAmt>374950</notionalAmt>
            <curCd>GBP</curCd>
            <unrealizedAppr>4972.9</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Montreal Exchange</name>
        <lei>N/A</lei>
        <title>FUT MAR 20 ME S&amp;P CAN 60</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="PTH0"/>
          <other otherDesc="NT_ID" value="9K18B6U"/>
        </identifiers>
        <balance>2</balance>
        <units>NC</units>
        <currencyConditional curCd="CAD" exchangeRt="1.29855"/>
        <valUSD>311855.54</valUSD>
        <pctVal>0.1733593167</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>Montreal Exchange</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>S&amp;P/TSX 60 Index</indexName>
                <indexIdentifier>SPTSX60</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2020-03-19</expDate>
            <notionalAmt>404960</notionalAmt>
            <curCd>CAD</curCd>
            <unrealizedAppr>435.97</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ASX Trade24</name>
        <lei>N/A</lei>
        <title>MAR 20 SFE SPI 200MAR 20</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="N/A"/>
          <ticker value="XPH0"/>
          <other otherDesc="NT_ID" value="9J1DW7U"/>
        </identifiers>
        <balance>3</balance>
        <units>NC</units>
        <currencyConditional curCd="AUD" exchangeRt="1.4250089"/>
        <valUSD>347524.15</valUSD>
        <pctVal>0.1931873623</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ASX Trade24</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <indexBasketInfo>
                <indexName>ASX 200 Index</indexName>
                <indexIdentifier>AS51</indexIdentifier>
              </indexBasketInfo>
            </descRefInstrmnt>
            <expDate>2020-03-19</expDate>
            <notionalAmt>495225</notionalAmt>
            <curCd>AUD</curCd>
            <unrealizedAppr>-6713.12</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-01-29</ncom:dateSigned>
      <ncom:nameOfApplicant>Northern Funds</ncom:nameOfApplicant>
      <ncom:signature>Randal E. Rein </ncom:signature>
      <ncom:signerName>Randal E. Rein </ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
